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Steven Walgenbach
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Luna Classic Price Might Be Getting Ready for an 8% Rally The Luna Classic price has printed a series of higher lows on the 4-hour chart over the past 12 hours. As a result of this positive sequence, a symmetrical triangle pattern has emerged on LUNC’s chart as the altcoin attempts to escape the negative channel that has emerged. This specific pattern suggests that a breakout might soon ensue. However, to try and gauge in which direction the Luna Classic price could move, traders will look to technical indicators.  Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are on the verge of triggering major bullish technical flags. This suggests that $LUNC might explode to the upside in the short term. Should bulls take control, the Luna Classic price could look to flip the resistance level at $0.00009622 into support. Overcoming this barrier will then give the altcoin a technical foundation to continue climbing in the following few days.  #LUNC might look to rise to the next major resistance level at $0.00010014 as a result. Enough buy pressure should the Luna Classic price reach this threshold could then lead to the crypto rising to as high as $0.00010444 in the short term. On the other hand, a price breakdown might see the Luna Classic price plunge to the immediate resistance level at $0.00009000 in the following 24 hours. #LunaClassic #Altcoinseason2024 #altcoins The full analysis and trade strategy were originally posted on ecoinimist.com. {spot}(LUNCUSDT)

Luna Classic Price Might Be Getting Ready for an 8% Rally

The Luna Classic price has printed a series of higher lows on the 4-hour chart over the past 12 hours. As a result of this positive sequence, a symmetrical triangle pattern has emerged on LUNC’s chart as the altcoin attempts to escape the negative channel that has emerged.

This specific pattern suggests that a breakout might soon ensue. However, to try and gauge in which direction the Luna Classic price could move, traders will look to technical indicators. 

Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are on the verge of triggering major bullish technical flags. This suggests that $LUNC might explode to the upside in the short term.

Should bulls take control, the Luna Classic price could look to flip the resistance level at $0.00009622 into support. Overcoming this barrier will then give the altcoin a technical foundation to continue climbing in the following few days. 

#LUNC might look to rise to the next major resistance level at $0.00010014 as a result. Enough buy pressure should the Luna Classic price reach this threshold could then lead to the crypto rising to as high as $0.00010444 in the short term.

On the other hand, a price breakdown might see the Luna Classic price plunge to the immediate resistance level at $0.00009000 in the following 24 hours. #LunaClassic #Altcoinseason2024 #altcoins
The full analysis and trade strategy were originally posted on ecoinimist.com.

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Is DADDY Crypto Prepping for a Breakout to a New All-Time High? The #Daddy crypto price has surged over 7% in the past week to trade at $0.2542 at press time. However, the DADDY price recorded a slight loss throughout the past day of trading. Nevertheless, the meme coin remains in the green on the longer time frames. The Daddy Tate price has been in a consolidation phase between $0.1856 and $0.3256 over the past 48 hours. This might be an accumulation period before a strong move.  If DADDY breaks out to the upside, it might attempt to flip the $0.3256 resistance level into support. The crypto could then have the technical foundation needed to rise to the subsequent barrier at $0.4980 before possibly soaring to a new all-time high. On the other hand, the Daddy Tate price falling below the $0.1856 support might expose the meme coin to the risk of plummeting in the following 24 hours. In this scenario, DADDY could plunge to as low as $0.0345. #Memecoins #MemeWatch2024 #altcoins The full analysis and trade strategy were originally posted on ecoinimist.com.
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Pepe Price Might Break Major Resistance as Bullish Signs Emerge The #Pepe price is attempting to overcome the resistance level at $0.00001218. Should it manage to flip this barrier into support within the next 8 hours, the meme coin might have the foundation needed to keep rising. Traders could then look to enter into a long position for the crypto, which might lead to it climbing to the subsequent resistance at $0.00001325 in the following 48 hours. Continued buy pressure if the altcoin rises to this point could lead to the PEPE price overcoming this obstacle as well. In an extremely bullish scenario, the Pepe price might surge to as high as $0.00001455 in the short term. However, a rejection from the $0.00001218 resistance within the next 12 hours might prevent the strong upside move from happening. Traders will most likely see this rejection as a short entry signal. This potential sell pressure might lead to the Pepe price seeking support from the $0.00001137 mark. A break below this crucial level could then expose $PEPE to the risk of plunging to the next key point at $0.00001083. #Memecoins #MemeWatch2024 #altcoins The full analysis and trade strategy were originally posted on ecoinimist.com.
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Technicals Suggest the Super Trump Price Could Soar to $0.019845 The Super Trump price has printed a series of higher highs and higher lows on the 1-hour chart throughout the past few hours, resulting in the formation of a positive price channel. Should this bullish trend continue, STRUMP might soon overcome a medium-term negative trend line on its charts. This level is also confluent with the $0.017430 resistance level. As such, a break above this threshold might give the crypto a strong technical foundation to potentially rise to the next major obstacle at $0.018635 in the following couple of hours. In an extremely bullish scenario, the Super Trump price could soar to as high as $0.019845. On the other hand, a rejection by the $0.017430 resistance could invalidate the bullish thesis. In this alternative scenario, the meme coin might record another lower high to continue to trade below the medium-term negative trend line. Traders could then look to enter into a short position for the crypto, which might force the Super Trump price to the immediate support level at $0.015995. Continued sell pressure should the meme coin fall to this technical crutch could then lead to the Super Trump price falling to as low as $0.014560 in the short term. #STRUMP #Memecoins #MemeWatch2024 The full analysis and trade strategy were originally posted on ecoinimist.com.
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BOME Crypto on Fire as Bullish Indicators Point to Impressive Gain The recent action by the $BOME crypto price exhibits a steady uptrend with the closing prices progressively increasing from $0.010311 to $0.01115. This consistent upward movement indicates strong buying interest. The 9 EMA has been steadily rising, currently positioned at $0.010527, which is above the 20 EMA at $0.010406. This crossover signals bullish momentum. When the shorter-term EMA (9 EMA) is above the longer-term EMA (20 EMA), it often indicates a potential continuation of the upward trend, suggesting that buyers are in control. Meanwhile, the MACD histogram has turned positive. It has moved from 0.000107 to 0.000209, indicating increasing bullish momentum. Concurrently, the MACD line is converging towards the signal line, reducing the bearish pressure seen in previous sessions. This convergence suggests that the downward momentum is waning, and a bullish crossover may be imminent, reinforcing the potential for further upside movement. The RSI has moved from a neutral 49 to a more bullish 60. An RSI above 50 typically signals buying strength, and with the current value edging closer to 70, it indicates that the asset is gaining upward momentum but is not yet overbought. This provides a conducive environment for a continued rise in prices without immediate risk of a pullback due to overbought conditions. #BOME is approaching key resistance levels at $0.011203, $0.011269, and $0.01134. Breaking above these levels could see the price advancing further as bullish sentiment gains traction. On the downside, immediate support levels are noted at $0.011028, $0.010948, and $0.010827. A breach below these support levels could signal a reversal or a period of consolidation. #MemeWatch2024 #Memecoins #altcoins #TrendingInvestments The full analysis and trade strategy were originally posted on ecoinimist.com.
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